Cover of A Brief History Of Panics

A Brief History Of Panics

Auhtor: Clement Juglar

Language: english
Published: 1915

Genres:

history
Downloads: 273
eBook size: 357Kb

Review by A. Dent, May 2009


Rating: (****)
Copyright: Public Domain in the U.S.
Please check the copyright status in your country.

Excerpts from the Book 'A Brief History Of Panics':

... matter, I have condensed his theory as follows:. A Crisis or Panic may be defined as a stoppage of the rise of prices: that is to say, the period ...
... the farmers had to sell fell away, and bills could not be met, and their troubles were added to those of the minority of the consumers of the country ...
... or a panicky and impoverishing, state of general business. TABLE NO. 1.-NATIONAL BANKS OF THE UNITED STATES _________________________________________________________________________ ...
... |77 |1306 | | | |209 | 4th | |167 | | 1200|1000 975| | | | 1885 | | | | | | | | | 2nd | |177 |79 | | | | | | 3rd | | | 69| 1200| |2714 |527 |206 | ...
... that a forced liquidation or panic inevitably ensued. The above table effectually does away with the theory that new tariffs are directly productive ...
... were at a discount of 80 per cent. the others at 75 per cent, and 50 per cent., and metallic money disappeared to such an extent that paper ...
... as agent for every State contracting a loan the cash belonging to the United States was to be deposited at the Bank whenever the Secretary of the Treasury ...
... 10 per cent. the discount on New Orleans notes, from 3 per cent. became 50 per cent., and on the 4th of December it had fallen back to 4 per cent. What ...
... through surplus crops threw a false light upon the credit of the States, as well as particularly upon that of the corporation. For many years American ...
... to receive any bank note for less than $20, which was not redeemable in hard money. After a struggle of eight years the separation became complete, ...
... 1855, offered only a slight opposition to the excessive issue: at least, in 1837 the Congressional report stated the cash on hand was $6,500,00-that ...
... place first in New York and then extended to the large cities of the Union it lasted forty days, until the 1st of November this measure was looked ...
... explosion had not recurred. Speculation, unable to restore a new impulse to the rise in prices, was nevertheless able to hold its own, until May, 1884, ...
... its height and the commotion general, so that nothing could re-establish confidence. This was not the case in 1884: the rapidity and decision with which ...
... the panic, the circulation also expanded from $290,000,000 to its highest figure $323,000,000 in 1882, the year of the European crash and of the stoppage ...
... notes provided that sum was used to loan the Barings, and it therefore assumed on that date the task of paying the Barings' acceptances of L21,000,000 ...
... on the 30th of that month. Gorman had been right. The credit of the country would not have suffered by the additional issuance of some final $60,000,000 ...
... of their country must be the happy solution. The Bill of May 9th of the House of Representatives, giving the Interstate Commerce Commission power to ...
... Runs on financial institutions were prominent in our country. But throughout all the western world resources were strained. Money had been overused. Money ...
... preventive of panic. And that the American people have not been forced through entrance into the World War to deplete their reserve strength, especially ...